Fleet Management Market Segmentation:
Industry Segment analysis
The transportation industry is estimated to gain largest share of 40% by 2035. The use of fleet management solutions in transportation and logistics is becoming increasingly inevitable with time. These solutions are mostly used to plan and manage the dispatch schedule, optimize spending, and track the movement of goods and vehicles in real-time for smooth last-minute delivery.
The traditional fleet management system failed to track the movement of items from their starting point to their destination. However, advanced fleet management solutions include metrics such as delivery routes, real-time position tracking, and movement speed to improve the trip and delivery time. Considering all these, the expanding transportation industry is expected to drive the market growth. For instance, the U.S. alone has over 4 million businesses in the transportation & warehousing industry as of 2023.
Deployment Type Segment analysis
The cloud segment is expected to hold a significant market share during the forecast period. The growth of the segment is driven by capabilities of cloud-based solutions for a cost-effective and hassle-free integration. Further, cloud-based deployment has been observed to improve fleet management activities such as GPS tracking, which otherwise suffer in areas with low connectivity. With the incorporation of more such devices in the fleet management system, the demand for cloud deployment should also rise. Further, the initial expense of cloud-based fleet management software is low, and businesses get access to more scalable and flexible solutions.
Our in-depth analysis of the global market includes the following segments:
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By Component |
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By Fleet Type |
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By Deployment Type |
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By Application |
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By Industry |
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